Align Q4 revenue $901.5M (-12.6% YoY); board authorizes new $1B buyback

ALIGN TECHNOLOGY INC

2022-FY EPS reported $4.61 revenue$3,734,635,000

Q4 total revenue $901.5M, down 12.6% YoY; GAAP diluted EPS $0.54, non-GAAP $1.73.
FY2022 revenue $3.7B, down 5.5% YoY; GAAP diluted EPS $4.61, non-GAAP $7.76.
Board approved new $1B stock repurchase program; $250M remaining under current program expected to complete in Q2 2023.
Q1 2023 outlook: clear aligner volumes down sequentially due to China COVID; total revenue ~flat QoQ; GAAP op margin up ~1% point.
FY2023 non-GAAP op margin expected slightly above 20%; capex >$200M; no full year revenue guidance.

item 2.02 item 8.01 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ALIGN TECHNOLOGY INC reported financial results for fourth quarter and fiscal year ended December 31, 2022.

Period: fourth quarter and fiscal year ended December 31, 2022
Result: reported results

Exact text from the filing

On February 1, 2023, Align Technology, Inc. (“Align”) issued a press release and will hold a conference call regarding its financial results for its fourth quarter and fiscal year ended December 31, 2022.

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Source: SEC EDGAR

accession 0001097149-23-000005

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